Amentum Holdings, Inc. · NYSE:AMTM
Amentum — Q3 FY2026 Earnings Presentation
19 slides from Amentum's earnings presentation, Aug 11, 2026
Slide 1: Earnings Conference Call Third Quarter Fiscal Year 2026
Earnings Conference Call Third Quarter Fiscal Year 2026 August 11, 2026 Advancing the future together A M E N T U M P R O P R I E T A R Y The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: Key Highlights and Takeaways
Key Highlights and Takeaways 1 Strong margin, earnings, and free cash flow performance Q3 FY26 Performance underscore strategic progress and operational excellence Revenue $3.5B 2 Constructive market environment for Core Growth Areas provides solid foundation for growth Adjusted EBITDA1 / Margin1 $2
Slide 4: Business Development Momentum Reflects Healthy Market Demand
Business Development Momentum Reflects Healthy Market Demand BACKLOG AND Notable Q3 FY26 Highlights LTM BOOK-TO-BILL ($’s in billions) Global Nuclear Energy Awards $400+ million in bookings for the initial engineering, development, and design of advanced nuclear technologies, further strengthening o
Slide 5: Well Positioned for Long-term Growth and Value Creation
Well Positioned for Long-term Growth and Value Creation TANGIBLE STRATEGIC PROGRESS NEAR-TERM REVENUE GROWTH Positioning for long-term shareholder value creation Impacted by current market dynamics • Robust business development results with growing • ~$2 billion new business wins in protest demand f
Slide 6: Accelerating Growth Markets Leverage the New Amentum for the Future
Accelerating Growth Markets Leverage the New Amentum for the Future A CC ACCELERATING GROWTH MARKETS EL Well-positioned for growth in rapidly expanding market areas C ER OR AT I EG Global Nuclear Energy NG R OW T H A Global Nuclear Energy Space Systems & Technologies Critical Digital Infrastructure
Slide 7: Core Growth Areas Provide Solid Foundation For Growth
Core Growth Areas Provide Solid Foundation For Growth A NOTABLE CORE GROWTH AREAS CC Longstanding leadership positions across large, stable growth markets EL C ER OR AT I EG NG National Security Environmental Remediation Homeland Security R OW T H A Advanced capabilities and Deep global presence acr
Slide 8: Accelerating Progress in Global Nuclear Energy Market
Accelerating Progress in Global Nuclear Energy Market Key strategic wins provide visibility into long-duration opportunities in a fast-growing market Recent Strategic Progress DOE AI Data Center and Energy Generation Project CURRENT GLOBAL NUCLEAR ENERGY Amentum was selected by the U.S. DOE National
Slide 9: Q3 FY26 Financial Performance
Q3 FY26 Financial Performance REVENUE 1 ADJUSTED EBITDA 1,2 ADJUSTED DILUTED EPS 2 Margin 2 -2% +1%3 +6% +20% $3,561 $3,490 $0.67 $3,459 $3,490 $290 $274 $0.56 REPORTED NORMALIZED3 7.7% 8.3% Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 New contract awards Favorable mix shift Opera
Slide 10: Q3 FY26 Segment Performance
Q3 FY26 Segment Performance Digital Solutions Global Engineering Solutions ADJUSTED ADJUSTED REVENUE 1 REVENUE 1 EBITDA 1,2 EBITDA 1,2 Margin2 Margin2 +3% +4%3 +2% -5% -1%3 +9% $1,421 $1,457 $1,402 $1,457 $114 $116 $2,140 $174 $2,033 $2,057 $2,033 $160 REPORTED NORMALIZED3 8.0% 8.0% REPORTED NORMALI
Slide 11: Disciplined Execution Driving Strong Cash Flow and Capital Flexibility
Disciplined Execution Driving Strong Cash Flow and Capital Flexibility Q3 FY26 Highlights $135 Million Free Cash Flow1 • $146 million operating cash inflow; $11 million capital Invest for Continued debt reduction expenditures sustained and profitable (Target Net Leverage3 <3x) • On-track to meet Fre
Slide 12: Updating Fiscal Year 2026 Guidance
Updating Fiscal Year 2026 Guidance Key Assumptions ($ in millions, except per share data) Prior Guidance Updated Guidance Income Statement Assumptions • Non-GAAP effective tax rate ~24.5%2 Revenue $13,950 – $14,300 $13,800 – $13,950 • Interest expense $275M – $285M • Depreciation and amortization $4
Slide 13: Preliminary Outlook for Fiscal Year 2027
Preliminary Outlook for Fiscal Year 2027 Key Drivers REVENUE DRIVERS Revenue • GAAP Reported Revenue: ~0% to ~1% growth (3%) • Incorporates 3% impact from NASA insourcing and 1% (1%) Mid-Single impact from exit of select lower margin work Digit Growth • Remaining portfolio growth supported by busine
Slide 14: Well-Positioned to Drive Long-Term Value for Stakeholders
Well-Positioned to Drive Long-Term Value for Stakeholders Longstanding, Trusted An Industry Leader With Strong Partner of Choice Differentiated Scale Financial Profile Solving our global customers’ Providing robust customer Well-positioned to deliver long- largest, most critical and access, capabili
Slide 15: Appendix
Appendix Advancing the future together A M E N T U M P R O P R I E T A R Y The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 16: Appendix: Working Days & Payroll Periods
Appendix: Working Days & Payroll Periods Working Days Per Quarter Q1 Q2 Q3 Q4 FY FY 25 61 62 64 68 255 FY 26 60 63 63 64 250 Payroll Periods Per Quarter1 Q1 Q2 Q3 Q4 FY FY 25 6 7 6 7 26 FY 26 7 6 7 6 26 1 Represents Amentums primary pay cycle. AMENT U M P R OP R IET AR Y. AL L R IGHT S R ES ER VED .
Slide 17: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Non-GAAP Effective Tax Rate, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, and Net Leverage are not measures of financial performance under Generally Accepted Accounting Principl
Slide 18: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended July 3, 2026 ($ in millions, except per share data and margin percentages) Acquisition, Loss on Utilization of fair transaction and Amortization of extinguishment of market value Stock-based Non-GAAP As Reported integra
Slide 19: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended June 27, 2025 ($ in millions, except per share data and margin percentages) Acquisition, Loss on Utilization of fair transaction and Amortization of extinguishment of market value Stock-based Non-GAAP As Reported integr